Loan, deposit rates likely to rise to pre-pandemic level of 5.15 per cent, says SBI in its report; Russia-Ukraine War contributed to 59 per cent of the rise in inflation in India
Her comments come days after the MPC, the central bank's rate-setting panel, surprised the markets with a 40 basis points hike in repo rate in an off-cycle...
Banks have now started hiking deposit rates both for retail as well as HNI and institutional customers both on savings as well as fixed deposits. Read here to...
The increase in the repo by RBI will push up the cost for most of the personal loans, auto and home loans for customers as the new loans post-October 2019 are...
The RBI, which is mandated to ensure inflation is under 6 per cent, acted with a 0.40 per cent increase in repo rate to check prices before they went...
The RBI on Wednesday after an unscheduled MPC meeting hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation.
The RBI after an unscheduled MPC meeting hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation.
The RBI slashed the GDP growth projection for the fiscal 2022-23 to 7.2 per cent from its earlier forecast of 7.8 per cent.
The decision was announced by RBI Governor Shaktikanta Das after an off-cycle meeting of the rate-setting panel -- Monetary Policy Committee (MPC).
Surprising everyone, the RBI on Wednesday, hiked the repo rate by 40 basis points(bps). The new repo rate now stands at 4.40 per cent.
The benchmark policy rate (repo) is hiked by 40 bps to 4.4 pc with immediate effect.
This is the first-rate hike since August 2018 and the first instance of the MPC making an unscheduled increase in the repo rate.
The Reserve Bank of India raised the key lending rate - repo rate - by 40 basis points to counter the rising inflation
"Inflation is up in India. At some point, the RBI will have to raise rates, like the rest of the world is doing," he said in a LinkedIn post.
MPC unanimously decided to keep the borrowing costs unchanged at a record low for the 11th time in a row in a bid to continue supporting economic growth...
The repo rate stays at 4 per cent. So, banks will have more funds to offer to borrowers and interest rates on home loans will stay at the current low levels
At the interbank foreign exchange, the rupee opened at 74.90 against the American dollar, and later witnessed an intra-day high of 74.88 and a low of 75.05...
Housing demand increased by around 50 to 70 per cent during the last calendar year across 7-8 major cities on various factors such as low-interest rates on...
This is the tenth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo.
The budget 2023 has pegged the Centre's gross borrowing at a record Rs 14.3 lakh crore and for the FY22 at Rs 10.5 lakh crore, lower than Rs 13.5 lakh crore...
BSE Sensex rose 1.76 per cent or 1,016.03 points to close at 58,649.68 points on Wednesday. The NSE Nifty too closed 1.71 per cent or 293.05 points higher at...